An Economic and Historical Analysis
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Bimetallism by Angela Redish
Book DescriptionThis book, first published in 2000, presents a history of Western monetary systems and explains why bimetallism was preferred to a gold standard before 1800. Professor Redish argues that the technological ability to issue fiduciary monies, and a commitment mechanism to prevent opportunistic governments changing the ratio between the currency and a unit of gold, were (frequently overlooked) prerequisites for the emergence of the Classical gold standard. The simplicity of the gold standard, a monetary system where there is a fixed ratio between a weight of gold and a unit of currency, makes it an obvious focus for discussion of commodity money systems, and for contrasting with today's fiat money regimes.
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Book DetailsISBN: 9780521028936
(228mm x 152mm x 17mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 2-Nov-2006
Country of Publication: United Kingdom
Books By Author Angela Redish
Gold Standard and Related Regimes, Paperback (November 2005)
Bordo's classic essays on the gold standard and related regimes based directly or indirectly on gold convertibility.
Bimetallism, Hardback (August 2000)» View all books by Angela Redish
A history of Western monetary systems and their preference to the bimetallism before 1800, first published in 2000.
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